JAKARTA - Meituan, China's top online food delivery service platform, was fined 3.42 billion yuan (Rp 7.6 trillion) for violating antitrust laws.
The fine is equivalent to 3 percent of Meituan's total 2020 revenue of 114.7 billion yuan, according to a decision by the China Market Regulatory Agency (SAMR) on its official website, quoted by Antara, Sunday, October 10.
The business competition supervisory agency began investigating the case last April. They found that Meituan forced its partner pelapak to sign an exclusive cooperation agreement.
The company was also found to have committed a number of other violations, such as asking partners to pay deposits and circumventing data-based technology and algorithms so that partners were not given the opportunity to choose platforms other than Meituan.
Such actions could weaken innovation and the dynamics of competition between service providers and disrupt the interests of traders and customers, said SAMR.
SAMR ordered Meituan to stop all illegal practices and return deposits worth 1.29 billion (Rp 2.8 trillion) to partners.
Meituan is also advised to comprehensively correct its mistakes, including improving the commissioning mechanism and algorithm rules, as well as protecting small and medium-sized catering businesses.
The company should immediately submit a repair report within the next three years, SAMR said.
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